Common use of Unencumbered Asset Coverage Ratio Clause in Contracts

Unencumbered Asset Coverage Ratio. The Company will not permit the Unencumbered Asset Coverage Ratio as of the last Business Day of any fiscal quarter to be less than 1.25:1.00.

Appears in 2 contracts

Samples: Purchase Agreement (Hercules Capital, Inc.), Note Purchase Agreement (Hercules Capital, Inc.)

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Unencumbered Asset Coverage Ratio. The At any time the Company is not party to a Corporate Facility, the Company will not permit the Unencumbered Asset Coverage Ratio as of the last Business Day of any fiscal quarter to be less than 1.25:1.001.25 to 1.00.

Appears in 1 contract

Samples: Note Purchase Agreement (Silver Point Specialty Lending Fund)

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Unencumbered Asset Coverage Ratio. (i) The Company will not permit the Unencumbered Consolidated Asset Coverage Ratio as of the last Business Day of any fiscal quarter to be less than 1.25:1.001.25 to 1.00.

Appears in 1 contract

Samples: New Mountain Guardian III BDC, L.L.C.

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